Nippon Piston Ring Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2019; Provides Earnings Guidance for the Year Ending March 31, 2020; Provides Dividend Guidance for the Year Ending March 31, 2020
The company provided earnings guidance for the year ending March 31, 2020. For the year, the company expects net sales of 55,500 million, operating income of JPY 1,500 million, ordinary income of JPY 1,500 million and net income attributable to owners of parent of JPY 700 million or JPY 85.39 per share.
The company provided dividend guidance for the year ending March 31, 2020. For the year, the company expects dividend of JPY 55.00 per share against JPY 45.00 per share a year ago. Total dividend expects to be JPY 75.00 per share against JPY 75.00 per share a year ago.